The Gabelli Dividend & Income Trust (GDV) to Issue Monthly Dividend of $0.14 on June 23rd

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.14 per share by the financial services provider on Monday, June 23rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date is Friday, June 13th.

The Gabelli Dividend & Income Trust has decreased its dividend by an average of 6.0% annually over the last three years.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock opened at $25.19 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67. The company’s fifty day simple moving average is $24.70 and its 200-day simple moving average is $24.42.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,300 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the transaction, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.